923 W Park Avenue

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923 W Park Avenue

Pharr, TX 78577
Asking Price
$650K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily asset located at 923 W Park Avenue in Pharr
  • Building configuration includes a total of 12 apartment units
  • Current asking price for the property is set at $650,000
  • Asset sits within the expanding Rio Grande Valley economic region
  • Property represents an investment in the local residential rental market

What's Special

Pharr, Texas, serves as a vital economic hub within the Rio Grande Valley, benefiting from its strategic proximity to major international trade corridors and the expanding logistics infrastructure of the region. This multifamily asset is situated at 923 W Park Avenue, offering a presence in a growing suburban market that consistently sees steady demand for residential housing options. The property consists of 12 apartment units, providing a clear value-add potential for investors focused on multi-family residential portfolios. Given the stable population growth and the active labor market in the Pharr submarket, these units remain well-positioned for consistent occupancy rates and long-term rental income. Business owners and real estate investors will find this apartment building a functional addition to an existing residential investment strategy, supported by the ongoing commercial development that characterizes the broader McAllen-Edinburg-Mission metropolitan area.

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NOI
$80,000
Cap Rate
12.31%
DSCR
2.07
Strong
Cash-on-Cash
21.24%
Monthly Payment
$3,215.845
Annual Cash Flow
$41,409.856

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